Real Estate Information Archive


Displaying blog entries 1-10 of 17

Tax Benefits of Vacation Property

by Michel Delos Santos

Pool at Tradewinds condo in New Smyrna Beach
People think of the emotional benefits of purchasing a vacation property, but it is also important to remember
that there are financial benefits as well.
Did you know that there are also tax benefits to owning a vacation property?
The interest as well as taxes paid on a second home are fully tax deductible. And then there's also the gains if
the home increases in value.
A vacation home is a great way to enjoy the fruits of your labor. Give me a call or send me an email. We can
discuss how owning a vacation property can make financial sense for you

5 Rookie Investing Mistakes

by Michel Delos Santos

Real estate investors sometimes get caught up in the deal and make mistakes that cost them. Below are listed riverfront home in New Smyrna Beach
the most common rookie mistakes I see:
_ Paying too much for a property
_ Underestimating remodeling costs
_ Hiring unlicensed contractors for repairs
_ Buying an out-of-town property
_ Lacking an exit strategy
Working with a real estate agent who specializes in real estate investments will help you avoid these mistakes.

Quarterly Closed Sales for New Smyrna Beach Homes & Condos

by Michel Delos Santos

Balloon Payment

by Michel Delos Santos

Ballon Payment

Click here to find out how much your home is worth.

Click here to do a free MLS search.

View of the beach from EbbTide condo in New Smyrna Beach

by Michel Delos Santos

view of the beach from EbbTide condo in New Smyrna Beach

Wonderful view of the beach from EbbTide condo in New Smyrna Beach.  

Click here to know more about EbbTide condo.

Click here to know more about New Smyrna Beach condo living.

Housing Obsolescence

by Michel Delos Santos

May 2014 Existing Home Sales Report

by Michel Delos Santos

Americans Believe in Real Estate

by Michel Delos Santos

NAR's Existing Home Sales

by Michel Delos Santos

15 will get you 3

by Michel Delos Santos

Fifteen Will Get You Three


Freddie Mac chief economist, Frank Nothaft, says that affordability, stability and flexibility are the three reasons homebuyers overwhelmingly choose a 30 year term.  However, for those who can afford a higher payment, there are three additional reasons to choose a 15 year term: save interest, build equity and retire the debt sooner.


First-time buyers have a higher tendency to use a minimum down payment and are very concerned with affordable payments.  It is understandable that the majority of these buyersselect 30 year, fixed-rate mortgages.

Consider a $200,000 mortgage at 30 year and 15 year terms with recent mortgage rates at 4.2% and 3.31% respectively. The payment is $433.15 less on the 30 year term but the interest rate being charged is higher.  The total interest paid by the borrower if each of the loans was retired would be almost three times more for the 30 year term.


Another interesting thing about the 15 years mortgage is that more of the payment is going to principal than interest from the very first payment.  It would take over 13 years on the 30 year mortgage for the principal to exceed the interest allocation.

Some people might suggest getting a 30 year loan and making the payments as if they were on a 15 year loan.  That would certainly accelerate amortization and save interest. The real challenge is the discipline to actually make the payments on a consistent basis if you don’t have to.  Many experts cite that one of the benefits of homeownership is a forced savings that occurs due to the amortization that is not necessarily done by renters.

Displaying blog entries 1-10 of 17